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1.41%

7.0¢ todd river resources limited

Thanks, so pretty much all the processes TNG is going through....

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dlovely

368 Posts.

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08/11/18

10:44

Post #: 36429805
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Originally posted by RoyE: ↑

Hi Dlovely,
In response to your question, they are a long, long way away from mining. Much more drilling is required and if this is successful then they still have to calculate a maiden resource, complete a feasibility study proving that the deposit can be mined profitably, raise finance for the mine development, obtain the necessary Govt. mining/environmental approvals, etc etc. This is a long process, likely 3+ years from mining. Having said this, the share price may increase significantly in the interim if drilling results continue to be positive and demonstrate a significant, economically viable deposit.

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Thanks, so pretty much all the processes TNG is going through. I'll just sit back and relax then...
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